The Council of Mortgage Lenders (CML) has produced a wish list of measures it would like the government to introduce in support of homeownership ahead of the pre-budget report.
Calling on Labour to increase support for mortgage borrowers who fall into payment difficulties and renew its commitment to sustainable home-ownership, the CML says the government must introduce measures to improve the safety-net for home-buyers and minimise the numbers of arrears and repossessions. The CML says more than half the UK's poor are home-owners, but the government's safety-net measures are strongly tilted towards people in other forms of tenure. It says one way the government can redress this balance is by increasing the £100,000 maximum mortgage sum eligible for income suppo...
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